Shares of Federal Realty Investment Trust (NYSE:FRT) have received a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $139.80.
Several research firms recently issued reports on FRT. Zacks Investment Research downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Citigroup lifted their price target on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Mizuho cut Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research note on Thursday, March 7th. Finally, BMO Capital Markets restated a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Thursday, February 14th.
NYSE FRT traded down $1.02 during mid-day trading on Thursday, hitting $136.21. The company’s stock had a trading volume of 77,339 shares, compared to its average volume of 392,924. Federal Realty Investment Trust has a twelve month low of $110.66 and a twelve month high of $139.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.40. The company has a market cap of $10.24 billion, a P/E ratio of 21.86, a PEG ratio of 4.24 and a beta of 0.52.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 14th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.00%. The ex-dividend date is Wednesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 65.49%.
A number of large investors have recently modified their holdings of FRT. Norges Bank bought a new position in Federal Realty Investment Trust during the 4th quarter valued at $530,291,000. JPMorgan Chase & Co. raised its stake in shares of Federal Realty Investment Trust by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock worth $651,475,000 after purchasing an additional 787,694 shares during the period. American Century Companies Inc. bought a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth $22,407,000. BlackRock Inc. raised its stake in shares of Federal Realty Investment Trust by 2.1% during the 4th quarter. BlackRock Inc. now owns 8,090,383 shares of the real estate investment trust’s stock worth $954,987,000 after purchasing an additional 162,586 shares during the period. Finally, Commonwealth Bank of Australia raised its stake in shares of Federal Realty Investment Trust by 118,273.0% during the 4th quarter. Commonwealth Bank of Australia now owns 118,373 shares of the real estate investment trust’s stock worth $14,186,000 after purchasing an additional 118,273 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.
About Federal Realty Investment Trust
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.
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